Polaris Holdings Co., Ltd (JP:3010) has released an update.
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Polaris Holdings Co., Ltd. is set to significantly enhance its hotel management business by acquiring Minacia Co., Ltd. through a share exchange, effectively making Minacia a wholly owned subsidiary. This strategic move is expected to create synergies by combining the operations of both companies, which together will manage a total of 91 hotels and 14,226 rooms. The acquisition aligns with Polaris’s Medium-Term Management Plan and is aimed at expanding its management platform, improving operational capabilities, and enhancing overall corporate value.
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